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In conversation with Diana Henriques
Manage episode 292520082 series 2883853
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For the latest issue of perspectivves, Ziv Haddi connected with award-winning financial journalist and author, Diana Henriques, to discuss the rise and fall of disgraced Wall Street investor Bernie Madoff.
On this day one month ago, the memory of a painful chapter in financial history resurfaced with the news of Wall Street fraudster Bernie Madoff’s passing. He was 82. Once one of America’s most powerful and respected financiers, Madoff’s legacy would be defined by the vicious 17-year Ponzi scheme he orchestrated—the largest in history—that resulted in paper losses totalling $64.8-billion and ruined the lives of thousands of people. His actions also left a devastating toll on his closest family members including his sons Andrew and Mark, and his wife Ruth—none of whom were privy to his crimes but whose reputations were destroyed nevertheless. Madoff, in turn, was handed a 150-year prison sentence. Diana Henriques is an award-winning financial journalist who, as a staff writer for The New York Times, covered Madoff during the height of his success and also documented his dramatic fall which began with his arrest on December 11 of 2008.
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